Cerity Partners LLC Boosts Holdings in Wynn Resorts, Limited (NASDAQ:WYNN)

Cerity Partners LLC increased its holdings in Wynn Resorts, Limited (NASDAQ:WYNN) by 996.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,445 shares of the casino operator’s stock after purchasing an additional 24,941 shares during the period. Cerity Partners LLC’s holdings in Wynn Resorts were worth $2,500,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of Wynn Resorts by 130.9% during the 4th quarter. Nordea Investment Management AB now owns 143,480 shares of the casino operator’s stock worth $13,101,000 after acquiring an additional 81,338 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Wynn Resorts during the 4th quarter worth approximately $1,150,000. Keybank National Association OH raised its holdings in shares of Wynn Resorts by 8.1% during the 3rd quarter. Keybank National Association OH now owns 249,716 shares of the casino operator’s stock worth $23,076,000 after acquiring an additional 18,802 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Wynn Resorts by 11.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 6,202 shares of the casino operator’s stock worth $573,000 after acquiring an additional 633 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Wynn Resorts during the 4th quarter worth approximately $10,228,000. 68.87% of the stock is owned by hedge funds and other institutional investors.

Wynn Resorts Stock Down 1.4 %

Shares of Wynn Resorts stock opened at $96.10 on Friday. The stock’s fifty day moving average is $102.49 and its two-hundred day moving average is $94.84. The company has a market capitalization of $10.77 billion, a PE ratio of 16.07 and a beta of 1.93. Wynn Resorts, Limited has a 52 week low of $81.65 and a 52 week high of $117.86.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Wednesday, February 7th. The casino operator reported $1.91 EPS for the quarter, beating the consensus estimate of $1.15 by $0.76. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. Wynn Resorts had a negative return on equity of 31.17% and a net margin of 11.18%. Wynn Resorts’s quarterly revenue was up 83.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.23) EPS. As a group, research analysts anticipate that Wynn Resorts, Limited will post 5.37 earnings per share for the current year.

Wynn Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, February 16th. Wynn Resorts’s payout ratio is 16.72%.

Analyst Ratings Changes

Several analysts have recently issued reports on WYNN shares. JPMorgan Chase & Co. upped their price objective on Wynn Resorts from $118.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Wells Fargo & Company upped their price objective on Wynn Resorts from $122.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. UBS Group cut their target price on Wynn Resorts from $117.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Macquarie boosted their target price on Wynn Resorts from $122.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, Susquehanna boosted their target price on Wynn Resorts from $105.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $121.36.

Insider Transactions at Wynn Resorts

In other news, CFO Julie Cameron-Doe sold 6,383 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.27, for a total transaction of $671,938.41. Following the transaction, the chief financial officer now owns 78,150 shares of the company’s stock, valued at approximately $8,226,850.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Julie Cameron-Doe sold 6,383 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.27, for a total transaction of $671,938.41. Following the transaction, the chief financial officer now owns 78,150 shares of the company’s stock, valued at approximately $8,226,850.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patricia Mulroy sold 960 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $105.17, for a total value of $100,963.20. Following the transaction, the director now directly owns 522 shares in the company, valued at approximately $54,898.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,578 shares of company stock valued at $2,850,282. 0.52% of the stock is currently owned by corporate insiders.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.